This article is from the Australian Property Journal archive
FACILITY manager Evolve FM has become Australia’s first 100% Indigenous-owned company, with the sale of JLL’s 49% shareholding.
Evolve FM is now an independent business, after its beginnings as a joint venture between JLL and PSGH (Pacific Services Group Holdings) in 2015.
“With JLL’s assistance Evolve FM has become the first 100% Indigenous FM provider that most importantly provides outstanding FM services whilst achieving extraordinary milestones in Indigenous engagement and employment,” said Troy Rugless, CEO at PSGH.
“We now have a platform to become one of the best FM providers in Australia. Both JLL and PSGH can be very proud of achieving what they set out to do, which was to grow Evolve FM and enhance the capacity and capability of Aboriginal and Torres Strait Islander businesses. Evolve FM will be the first Indigenous FM company able to compete on a level playing field with international organisations. We look forward to continuing the growth of Evolve FM.”
With the divestment complete, Evolve FM is now poised for accelerated growth as a wholly Indigenous-owned company.
